Factorial Energy, a developer of solid-state battery technology for EV applications, has opened a new battery manufacturing facility in the Boston suburb of Methuen, Massachusetts. The new plant represents a significant step in scaling up the production of Factorial’s solid-state battery technology for EVs.
Factorial says its proprietary FEST (Factorial Electrolyte System Technology) quasi-solid-state batteries offer higher energy density and increased safety compared to current lithium-ion batteries.
The new facility, which is near Factorial’s new R&D facility and corporate headquarters, represents a $50-million investment, and is expected to create over 150 local jobs. The first phase of plant operations includes the cathode coating line. Additional cell and testing equipment is slated to come online to accommodate an assembly line with annual capacity of up to 200 MWh.
“This facility will enable us to manufacture cells to meet the needs of our automotive partners and progress our mission to commercialize solid-state batteries,” said Siyu Huang, CEO of Factorial. “As a US company, we’re proud to contribute to the onshoring of battery manufacturing for EVs and advancement of battery innovation for a differentiated supply chain.”
“Automaker demand for American-made batteries is high to produce electric or hybrid vehicles that qualify for incentives,” said Joe Taylor, Executive Chairman of Factorial. “Our facility will manufacture automotive-sized solid-state batteries at pre-production speed and volume, illuminating a clear path to mass production and reaching economies of scale.”
Source: Factorial Energy